CS Audit & Secretarial Report Services

Professional Company Secretary (CS) audit and certification — Secretarial Audit under Section 204, Secretarial Compliance Report under SEBI LODR, Annual Return certification, Form MR-3 filing, and ICSI standards compliance.

ICSI-Certified CS Professionals
Section 204 Secretarial Audit
SEBI LODR Reports
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What is a CS Audit & Secretarial Report?

A Company Secretary (CS) registered with the Institute of Company Secretaries of India (ICSI) is empowered to conduct Secretarial Audit under Section 204 of the Companies Act, 2013. This is a compliance audit that checks whether a company has complied with all applicable laws — Companies Act, SEBI regulations, FEMA, labour laws, environmental laws, and sectoral regulations. The Secretarial Audit Report is issued in Form MR-3 and must be attached to the Directors Report. It is mandatory for listed companies, Public Limited Companies with paid-up capital above ₹10 crore or turnover above ₹250 crore, and every company with outstanding loans or borrowings above ₹100 crore. For listed companies, the CS also issues the Annual Secretarial Compliance Report under SEBI LODR Regulations, 2015, submitted to the stock exchange by 30 May each year. The CS also certifies Annual Returns (MGT-7 for companies above threshold) and attests various statutory forms filed with MCA.

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Types of CS Audit & Reports

Secretarial Audit — Form MR-3

Mandatory for listed companies, Public Ltd. above ₹10 crore capital or ₹250 crore turnover, and companies with borrowings above ₹100 crore. Reports compliance with all applicable laws.

Annual Secretarial Compliance Report

SEBI LODR requirement for listed companies. CS reviews compliance with all SEBI regulations and submits the report to the stock exchange by 30 May.

Annual Return Certification — MGT-7

CS certification of Annual Return (MGT-7) for companies with paid-up capital above ₹10 crore or turnover above ₹50 crore, instead of board sign-off.

Compliance Certificates & Attestation

CS issues compliance certificates for bank filings, scheme of arrangement approvals, merger filings (NCLT), FEMA compliance, and various MCA forms.

Eligibility & Requirements

Minutes of all Board Meetings and Shareholder Meetings
All MCA forms filed during the year with acknowledgments
MOA, AOA, and all amendments with ROC approval
Statutory registers — Directors, Members, Charges, etc.
SEBI filings and stock exchange correspondence (listed companies)
Directors Report and financial statements
All company secretarial records and compliance files
Related party transaction register and approvals

How We Conduct CS Audit & Secretarial Reports

Our practicing CS team conducts thorough secretarial audits following ICSI standards and issues MR-3 reports within the required timelines.

1Step 1: Review of Statutory Records

Examine all statutory registers, meeting minutes, MCA filings, and secretarial compliance records for the financial year under review.

2Step 2: Compliance Assessment

Verify compliance with Companies Act, SEBI regulations, FEMA, RBI directions, and applicable sectoral laws. Identify non-compliances and qualifications.

3Step 3: Draft MR-3 Report

Prepare the Secretarial Audit Report in Form MR-3. Include observations, qualifications, and management comments. Get management responses for qualifications.

4Step 4: Issue Report & Submit to SEBI/MCA

Sign and issue Form MR-3. Attach to Directors Report for filing with ROC. Submit Annual Secretarial Compliance Report to stock exchange (listed companies).

Our CS team also provides advisory on governance gaps, board composition, and regulatory changes impacting your secretarial compliance.

Documents Required

Meeting Records

  • Board Meeting minutes for all meetings during the year
  • AGM/EGM notices and minutes
  • Committee meeting records (Audit, NRC, SRC)

MCA Filing Records

  • All forms filed with MCA during the year
  • DIR-12, SH-7, MGT-14, and other filings
  • ROC approval receipts

Compliance Documents

  • SEBI filings and stock exchange submissions
  • FEMA compliance certificates
  • Statutory registers (up to date)

Post-Registration Compliance

Applicability of Secretarial Audit

Secretarial Audit is mandatory for: (1) Listed companies, (2) Public Ltd. with paid-up capital above ₹10 crore or turnover above ₹250 crore, (3) Companies with borrowings above ₹100 crore.

MR-3 Qualifications

If the CS observes non-compliance during the audit, they must qualify the MR-3 report. Management must provide an explanation for qualifications in the Directors Report.

ICSI Peer Review

Practicing CS firms issuing Secretarial Audit Reports must undergo ICSI peer review to ensure quality of audit. Peer review is mandatory for listed company audits.

Annual CS Compliance Programme

Whole-time CS of companies must ensure all secretarial compliance obligations are met throughout the year — board meeting quorum, disclosures, filing deadlines, etc.

Common Questions

Everything you need to know

Only a Practicing Company Secretary (PCS) holding a valid Certificate of Practice issued by ICSI can conduct a Secretarial Audit and issue Form MR-3.

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